RBC Hires Goldstein, Smith as U.S. Investment-Banking Managing Directors

RBC Capital Markets hired Mark Goldstein and Charles Smith as managing directors in its financial-sponsor and leveraged-finance groups in New York.

Goldstein joined RBC’s U.S. financial-sponsor investment banking team from JPMorgan Chase & Co. (JPM), where he led the bank’s restructuring and liability management group for Europe, the Middle East and Africa, according to an e-mailed statement from the corporate and investment banking arm of Toronto-based Royal Bank of Canada. (RY) He now reports to Blair Fleming, RBC’s head of U.S. investment banking.

Smith, who was previously head of corporate finance at Loughlin Meghji & Co., will now focus on the consumer and retail and industrial sectors and report to Jim Wolfe, head of U.S. leveraged-finance investment banking. Before joining Loughlin Meghji, a management consulting firm based in New York, Smith worked in JPMorgan’s syndicated and leveraged finance group.

RBC Capital Markets is the 11th largest underwriter of leveraged loans in the U.S. with 2.5 percent of the market share, according to data compiled by Bloomberg. Leveraged loans are a type of speculative-grade debt rated below Baa3 by Moody’s Investors Service and lower than BBB- by Standard & Poor’s.

Earlier this month, RBC said it hired Justin Mirro to lead its newly formed U.S. automotive investment banking group. In May, managing director Bill Drewry joined its U.S.-based communications, media and entertainment group.

Its expansion efforts in April included the hiring of three managing directors, Joseph Carey in its energy group, Doug Yablonski in its mergers and acquisition team and David Nadelman in its loan capital markets group.

To contact the reporter on this story: Christine Idzelis in New York at cidzelis@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net

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